Most Popular
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Military aircraft evacuating S. Koreans in Lebanon returns home
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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Yoon set for talks with Marcos in Philippines
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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
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2 US B-1B bombers conducted joint drill with S. Korean Air Force on Oct. 1 Armed Force Day
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Can Jennie break the K-pop solo artist slump?
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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Firefighters’ 3,000 won meals spark nutrition concerns
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From thrillers to animation: Netflix's 2025 Korean originals promise universal fun, fresh stories
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[IFA 2019] Home gardening gets smart with LED lights
BERLIN -- Large home appliances took the center stage at IFA 2019, but on the sidelines there were also sections that spotlighted health care, gaming and home gardening. Among those, Finnish company Plantui’s booth caught eyes with electronic plant pots emitting colorful lights. Called the Smart Gardens, the Plantui devices are equipped with intelligent light-emitting diodes and automatic water pumping system, which allows anyone to grow fresh greens all year round, indoors.“We
Sept. 11, 2019
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Insurance consulting firm Rich&Co. hosts festival
Insurance consulting and services firm Rich&Co. said it hosted its “Reach the Future Festival” at Kintex, Ilsan, Tuesday, gathering 3,000 of its employees to discuss the company’s vision and future steps. Among the company’s services is the “Good Rich” app to integrate and manage one’s insurance subscriptions. (khnews@heraldcorp.com)
Sept. 11, 2019
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S. Korea, UAE to join hands on overseas nuke reactor projects
South Korea's industry ministry said Tuesday it has agreed to join hands with the United Arab Emirates (UAE) to secure new nuclear reactor projects overseas.The state-run Korea Electric Power Corp. (KEPCO) signed a memorandum of understanding with Barakah One Co. to jointly win nuclear reactor projects, according to the Ministry of Trade, Industry and Energy.Barakah One Co. is a joint venture established by KEPCO and the Emirates Nuclear Energy Corp. South Korea has been building four react
Sept. 10, 2019
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GS E&C wins 276 bln-won order in Thailand
GS Engineering & Construction, a major builder in South Korea, said Tuesday it has secured a 275.5 billion-won ($231 million) order for a petrochemical plant construction project in Thailand. Under the deal with Thai firm HMC Polymers Co., GS E&C will build a polypropylene plant at a Map Ta Phut site in Rayong Province, Thailand. The company said it will take about 35 months to complete the polypropylene plant, which will have an annual capacity of 250,000 tons. GS E&C previousl
Sept. 10, 2019
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Delta increases stake in Korean Air's parent firm
Delta Air Lines, Inc. said Tuesday it has increased its stake in Hanjin KAL, the parent company of Korean Air Lines Co., in what it called a long-term investment. In a report to the main bourse operator Korea Exchange, Delta said its stake in Hanjin KAL rose to 9.21 percent from 5.13 percent. "The purpose of the investment is not aimed at affecting the management rights," the report said. Last month, Delta jacked up its interest in Hanjin KAL to 5.13 percent from
Sept. 10, 2019
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South Korea forms consultative group to back global M&As
South Korean business associations have formed a consultative group to support local companies seeking to secure original technologies related to parts, materials and equipment through acquisitions and investments, according to a business representative on Tuesday. The consultative group will work together to back Korean companies that seek to acquire foreign companies or invest in overseas facilities in order to improve competitiveness. This is in line with the government’s efforts to dou
Sept. 10, 2019
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KITA offers test bed for startups in Coex
The Korea International Trade Association said Tuesday it will offer selected local startups a test bed to showcase their innovative technologies and services in hopes of vitalizing the ecosystem.According to KITA, Coex Startup Testbed provides opportunities for budding startups to test ideas and technologies that could be implemented in the service industry at Coex.After several stages of expert reviews, startups that make it to the final roster for the test bed will be given the chance to coll
Sept. 10, 2019
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Posco workers reach agreement on wage deal
Posco, South Korea's largest steelmaker, said Monday it reached a deal with its labor union on a wage and collective bargaining agreement that includes a 2 percent raise in base pay. The union put the deal to a vote earlier in the day, with 86.1 percent, or 5,449 workers, choosing to accept it, the company said.Of 6,485 unionized workers, 6,330 took part in the vote and 881 people opposed the deal, it said.Posco and the union had tentatively reached an agreement late last month in negotiations i
Sept. 9, 2019
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World Energy Council chair urges for innovative energy tech
World Energy Council Chairman Younghoon David Kim highlighted that innovative technologies are key to fostering the future development of the energy industry and resolving current crises like climate change during the 24th World Energy Congress that kicked off Monday. Hosted by the World Energy Council, the four-day event is being held in Abu Dhabi, the United Arab Emirates, under the theme of “Energy for Prosperity.” It is being attended by about 15,000 people from the energy sector
Sept. 9, 2019
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[Herald Interview] New Busan-Jinhae FEZ chief seeks paradigm shift
For the past 15 years, the Busan-Jinhae Free Economic Zone in South Gyeongsang Province has succeeded in developing infrastructure and creating a suitable business environment for investors. And now is the time to seek a paradigm shift by nurturing innovative technologies and easing regulations for the growth of new industries, its new chief said. In an interview with The Korea Herald, BJFEZ Commissioner Ha Sung-cheol said he seeks to attract companies specialized in manufacturing high value-add
Sept. 9, 2019
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Rescue continues for those aboard Hyundai Glovis ship
South Korea’s Ministry of Foreign Affairs said Tuesday that the rescue operation to save those believed to be trapped inside Hyundai Glovis’ capsized cargo ship off the US East Coast was underway, as the related authorities gathered for a meeting to dispatch a team to deal with the accident.According to the ministry, Hyundai Glovis car transport vessel the Golden Ray listed sharply in waters off the US state of Georgia at around 1:30 a.m. Sunday, local time. The Golden Ray was carryi
Sept. 9, 2019
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SK Energy to issue green bonds worth W300b
SK Energy, an oil refining unit of SK Innovation, is set to become the first Korean manufacturer to issue green bonds in an effort to strengthen eco-friendly businesses, the company said Monday. A green bond is specifically earmarked to be used for climate and environmental projects.The company said it will issue green bonds worth 300 billion won ($251 million) on Sept. 26 and may increase the amount to 500 billion won later. The conditions of issuance will be determined after conducting demand
Sept. 9, 2019
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[IFA 2019] LG has IoT edge over traditional European companies: CEO
BERLIN -- Song Dae-hyun, president of LG Electronics’ home appliance and air solution division, expressed confidence that the company has an edge in the area of internet of things over its European counterparts. “Europe is comprised of countries that are traditionally strong in the field of home appliances,” he said during a press briefing Saturday.“But what sets LG apart from these European brands is that we do everything from household electronic devices to smartphones,
Sept. 9, 2019
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Hyundai Department Store becomes seller on Coupang
Hyundai Department Store became the first major department store here to sell its products via Coupang, the country’s largest e-commerce platform by sales, amid intensifying e-commerce competition among online retailers as well as major department stores. According to Hyundai Department Store, it joined hands with Coupang to bolster its competitiveness both online and offline by using Coupang’s next-day delivery flagship service Rocket Delivery. Hyundai said it has register
Sept. 9, 2019
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[Herald Interview] Orsted sees market potential in Korean offshore wind power
Denmark’s state-run energy company Orsted sees high potential in the Korean offshore wind power market, intending to build long-term, sustainable relationships with the Korean government and companies. “Korea has a high potential in the offshore wind power market, given that the nation is a peninsular, possesses numerous sites with superb wind and the government’s strong willingness to achieve its energy shift goal,” Matthias Bausenwein, Orsted’s head of Asia-Pacifi
Sept. 8, 2019
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[IFA 2019] Huawei claims world’s first commercialized 5G SoC
BERLIN -- Huawei CEO Richard Yu announced the world’s first commercialized 5G system-on-chip during his keynote speech at IFA 2019, darting ahead of competitors Samsung and Qualcomm in the race.The flagship Kirin 990 and its 5G version will power Huawei’s Mate 30 when the new phone is unveiled in Munich, Germany, on Sept. 19.“We don’t know when Samsung’s chip will be available -- our chipset is available now,” said Yu on the opening day of IFA 2019, calling th
Sept. 8, 2019
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[IFA 2019] IFA executive director says trade disputes hold back innovation
BERLIN -- Collaborative innovation loomed at the forefront of the 59th IFA 2019 in Berlin, Germany.Jens Heithecker, the IFA executive director, emphasized on the power of the approach in shaping the future, as he opened up the stage for IFA keynote speakers on Friday and Saturday. And it’s one that requires openness, which is the backbone of the annual trade fair that is a staunch supporter of freedom.“A bit over 20 years ago, listening to western media would have cost your career fo
Sept. 8, 2019
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[IFA 2019] LG says Samsung’s 8K TV fails internationally agreed standards
BERLIN -- LG Electronics is adamant that Samsung’s 2019 8K TV does not meet the international standards for 8K resolution and that the company is effectively deceiving consumers.LG has made similar assertions before, but this is the first time it has officially called out Samsung. “We believe Samsung’s 8K TV is not really 8K,” said Park Hyoung-sei, executive vice president at LG Electronics TV Business Operation Center. “Consumers need to know the truth and know wha
Sept. 8, 2019
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CJ Group scion arrested on drug charges
The heir apparent of South Korea's food and entertainment conglomerate CJ was arrested Friday on drug charges.The Incheon District Court issued an arrest warrant for Lee Sun-ho, the eldest son of Chairman Lee Jay-hyun, saying that he may try to flee or destroy evidence. Lee, 28, was caught Sunday attempting to smuggle liquid marijuana in cartridges into the country via Incheon International Airport, west of Seoul. He also tested positive for the banned substance.Prosecutors, however, releas
Sept. 6, 2019
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[IFA 2019] Samsung CEO bets on Bespoke to expand presence in European built-in market
BERLIN -- Samsung Electronics CEO Kim Hyun-suk highlighted the rapid sales growth of the firm’s latest built-in refrigerator brand, called “Bespoke,” saying the company’s focus is not on product specifications but on developing products that people desire in their hearts.“We believe Bespoke can change the dynamics of European built-in market,” Kim said on the eve of IFA 2019, stressing that Europe accounts for 40 percent of the world’s built-in market.&l
Sept. 6, 2019